Flex Space with Drive-In
32581-32595 DUPONT BOULEVARD, Dagsboro, DE 19939
For Sale
New
Contact for pricing
New construction offers adaptable spaces for office, retail, warehouse, and service operations.
Property Size64,776 SF
Lot Size10.00 Acres
Price / SF$0.00
Days on Market6
Property Features for 32581-32595 DUPONT BOULEVARD
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Site & Location
Highway Access
Road Access
Additional Details
Clear Height
Property Use
Amenities
drive-in loading with roll up doors
covered corridors
Building Details
Year Built
Buildings
Listing Agency:
Coldwell Banker Realty
(410) 543-4545
Listed By:
Brandon Ziska · License #3654722
(443) 880-1273
Source:
Cummingsrealtors
Added: Nov 1
Changed: Nov 6
Last Checked: Nov 6 at 9:32AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Planned for completion in 2027, this flex property comprises 11 buildings with more than 64,000 square feet available. Spaces are customizable and feature 28-foot clear ceilings and drive-in loading with roll-up doors. The 5,000-square-foot buildings connect through covered corridors and can be combined into spaces as large as 10,000 square feet, with up to eight drive-in bays.
The 10-acre C-1 (General Commercial) complex fronts Dupont Boulevard (Route 113) in Dagsboro, Delaware. The highway frontage records more than 38,000 AADT. Bethany Beach is 15 miles away, while Fenwick Island and Ocean City are each 16 miles away. Lease terms are negotiable and structured as NNN.
The 10-acre C-1 (General Commercial) complex fronts Dupont Boulevard (Route 113) in Dagsboro, Delaware. The highway frontage records more than 38,000 AADT. Bethany Beach is 15 miles away, while Fenwick Island and Ocean City are each 16 miles away. Lease terms are negotiable and structured as NNN.
Key Highlights
- 11 buildings with more than 64,000 SF available
- 10‑acre C‑1 (General Commercial) complex
- 28‑foot clear ceilings and drive‑in loading with roll‑up doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$381,563
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,631,260
$7.6M
Cap Rate 7%
$5,450,900
$5.5M
Cap Rate 9%
$4,239,589
$4.2M
Market Conditions
NOI Build-Up for 64,776 SF
Gross rent
$583.0K $9.00/SF
− Vacancy
−$37.9K −$0.59/SF
EGI
$545.1K $8.42/SF
− OpEx
−$163.5K −$2.52/SF
NOI
$381.6K $5.89/SF
Area
Sussex County, DE
Vacancy
6.50%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,631,260
Cap Rate 7%
$5,450,900
Cap Rate 9%
$4,239,589
Alternative Uses
Best Use
Flex RnD
$8.63M
$7.55M – $10.07M
NOI $604,282 @ 7.0% cap · market cap 3,021,410.00%
Second Best
Retail
$8.30M
$7.26M – $9.68M
NOI $580,683 @ 7.0% cap · market cap 2,903,415.00%
Theoretical Best
Office A
$17.80M
$15.58M – $20.77M
NOI $1,246,031 @ 7.0% cap · market cap 6,230,155.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
28 ft
Clear height
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
82
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 19939, DE
7,357
Population
4,252
Households
1.7
Avg Household Size
54
Median Age
34%
College-Educated
93%
High-School Grad
26.0 sq mi
ZIP Area
283
Density / Sq Mi
$86,583
Median Household Income
$48,041
Median Earnings
$1,375
Median Rent
$365,100
Median Home Value
Market
Average Price Trend$/SF for Flex space in Sussex County, DE
Properties on Market for Flex space in Sussex County
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - New construction offers adaptable spaces for office, retail, warehouse, and service operations.
Where is this flex space located?
The property is located at 32581-32595 DUPONT BOULEVARD Dagsboro, DE.
What are key features of this property?
This property features: 11 buildings with more than 64,000 SF available; 10‑acre C‑1 (General Commercial) complex; 28‑foot clear ceilings and drive‑in loading with roll‑up doors
